French luxury house Chanel last month increased its prices for its goods across six of its markets in Asia Pacific, as the Parisian company looks to make up for a slowdown in demand for luxury goods w…
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Canada Goose APAC president departs among leadership shake-up
North American luxury brand Canada Goose has announced the departure of its Asia Pacific president, Paul Cadman, coinciding with a shake-up across both its C-suite and board of directors.…
APAC food and beverage brands lean on nostalgia marketing amid turbulent times
Due to geopolitical tensions, climate change, the cost-of-living crisis, and economic uncertainty, throwback marketing strategies are appealing to consumers, in light of the growing apprehensions, acc…
Here are the 10 fastest growing retailers in Asia Pacific
The impact of the pandemic on retail sales across markets in Asia Pacific varied greatly in 2022. The impact was largely dependent on each country’s Covid-19 situation, containment measures adopted, a…
PVH Q2 sales up on Calvin Klein, Tommy Hilfiger international sales, China soars
PVH Corp. recorded a revenue increase of 4 percent to USD 2.207 billion for the second quarter, on the back of strong growth in the American fashion giant’s Asia Pacific region, especially China…
Coty APAC surges 34 percent in Q4, inks Marc Jacobs Beauty deal
Beauty giant Coty Inc. reported net revenues of USD 5.55 billion for fiscal 2023, up 5 percent, on the back of a strong fourth quarter, which saw revenues in Asia Pacific surged by more than 30 percen…
Puma clocks 11 percent sales uptick on APAC growth including Greater China
German sportswear giant Puma clocked an 11 percent sales increase to EUR 2.12 billion (USD 2.36 billion) for the second quarter, driven by strong growth in EMEA and APAC, including Greater China.…
Japan leads sober curious culture in Asia Pacific
In Asia Pacific, the concept is only at a stage where it is known to a small number of people. However, in Japan, the first signs of the sober curious trend are emerging, as “dry” initiatives are begi…
Nike APAC revenue lift offsets Greater China decline in fiscal 2023
Nike Inc. announced a 10 percent uptick in revenues to USD 51.2 billion for fiscal 2023, on the back of a single-digit increase in Asia Pacific Latin America sales, offsetting a decline in Greater Chi…
Hugo Boss forecasts USD 4.48 billion in revenues by 2025, eyes double-digit APAC growth
German luxury fashion brand Hugo Boss has forecast revenues to reach EUR 5 billion (USD 4.48 billion) by 2025, coinciding with low double-digit growth in its Asia-Pacific market.…